ICON - ICX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ICXUSDT
ISIN:

ICON - ICX/USDT - Weekly - Technical analysis published on 01/06/2021 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.501257 USDT

My targets

0.663533 USDT (+6.08%)

0.945600 USDT (+51.18%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ICON PROJECT - ICX/USDT as long as the price remains well above 0.501257 USDT. The buyers” bullish objective is set at 0.663533 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.945600 USDT. If there is any crossing, the next objective would be the resistance located at 4.820000 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dallas28. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ICON PROJECT - ICX/USDT rating 0.625500 USDT. The price registered an increase of +34.72% over 5 days and has been traded over the last 5 days between 0.428400 USDT and 0.522900 USDT. This implies that the 5 day price is +46.01% from its lowest point and +19.62% from its highest point.

0.428400

0.522900

0.625500

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Weekly of this ICON PROJECT - ICX/USDT chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Weekly

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2
ProTrendLines	0.501257	0.625500	0.945600	4.820000
Change (%)	-19.86%	-	+51.18%	+670.58%
Change	-0.124243	-	+0.320100	+4.194500
Level	Major	-	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.412733	0.446667	0.496833	0.530767	0.580933	0.614867	0.665033
Camarilla	0.523873	0.531582	0.539291	0.547000	0.554709	0.562418	0.570128
Woodie	0.420850	0.450725	0.504950	0.534825	0.589050	0.618925	0.673150
Fibonacci	0.446667	0.478793	0.498641	0.530767	0.562893	0.582740	0.614867

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.296267	0.346933	0.389867	0.440533	0.483467	0.534133	0.577067
Camarilla	0.407060	0.415640	0.424220	0.432800	0.441380	0.449960	0.458540
Woodie	0.292400	0.345000	0.386000	0.438600	0.479600	0.532200	0.573200
Fibonacci	0.346933	0.382689	0.404778	0.440533	0.476289	0.498378	0.534133

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.235433	0.291967	0.378133	0.434667	0.520833	0.577367	0.663533
Camarilla	0.425058	0.438138	0.451219	0.464300	0.477381	0.490462	0.503543
Woodie	0.250250	0.299375	0.392950	0.442075	0.535650	0.584775	0.678350
Fibonacci	0.291967	0.346478	0.380155	0.434667	0.489178	0.522855	0.577367

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.56
MACD (12,26,9):	0.0297
Directional Movement:	19.842059
AROON (14):	64.285713
DEMA (21):	0.460642
Parabolic SAR (0,02-0,02-0,2):	0.293400
Elder Ray (13):	0.103388
Super Trend (3,10):	0.313073
Zig ZAG (10):	0.633100
VORTEX (21):	1.0156
Stochastique (14,3,5):	66.19
TEMA (21):	0.462907
Williams %R (14):	-7.36
Chande Momentum Oscillator (20):	0.246800
Repulse (5,40,3):	39.4809
ROCnROLL:	1
TRIX (15,9):	0.6383
Courbe Coppock:	10.46

MA7:	0.504443
MA20:	0.450365
MA50:	0.423136
MA100:	0.396496
MAexp7:	0.466217
MAexp20:	0.424384
MAexp50:	0.386855
MAexp100:	0.442331
Price / MA7:	+24.00%
Price / MA20:	+38.89%
Price / MA50:	+47.82%
Price / MA100:	+57.76%
Price / MAexp7:	+34.16%
Price / MAexp20:	+47.39%
Price / MAexp50:	+61.69%
Price / MAexp100:	+41.41%

Quotes : 2021-01-06 18:48:56 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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